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Side-by-side financial comparison of Broadstone Net Lease, Inc. (BNL) and Repay Holdings Corp (RPAY). Click either name above to swap in a different company.
Broadstone Net Lease, Inc. is the larger business by last-quarter revenue ($121.4M vs $78.6M, roughly 1.5× Repay Holdings Corp). Broadstone Net Lease, Inc. runs the higher net margin — 38.2% vs -178.3%, a 216.5% gap on every dollar of revenue. On growth, Broadstone Net Lease, Inc. posted the faster year-over-year revenue change (11.7% vs 0.4%). Over the past eight quarters, Broadstone Net Lease, Inc.'s revenue compounded faster (7.1% CAGR vs -1.3%).
Broadstone Net Lease, Inc. is a real estate investment trust (REIT) that acquires, owns, and manages a diversified portfolio of single-tenant commercial real estate assets across the United States. Its portfolio covers key segments including industrial facilities, healthcare properties, retail locations, and office spaces, all leased to tenants under long-term net lease agreements.
Repay Holdings Corp is a leading payment technology provider delivering integrated end-to-end payment processing solutions for businesses across North America. Its offerings include credit/debit card processing, ACH transfer services, POS system integrations and digital payment tools, serving retail, healthcare, automotive and e-commerce segments to help clients streamline transaction workflows and boost operational efficiency.
BNL vs RPAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $121.4M | $78.6M |
| Net Profit | $46.4M | $-140.1M |
| Gross Margin | — | 74.2% |
| Operating Margin | 52.2% | -182.2% |
| Net Margin | 38.2% | -178.3% |
| Revenue YoY | 11.7% | 0.4% |
| Net Profit YoY | — | -3304.1% |
| EPS (diluted) | $0.24 | $-1.68 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $121.4M | — | ||
| Q4 25 | $118.3M | $78.6M | ||
| Q3 25 | $114.2M | $77.7M | ||
| Q2 25 | $113.0M | $75.6M | ||
| Q1 25 | $108.7M | $77.3M | ||
| Q4 24 | $112.1M | $78.3M | ||
| Q3 24 | $108.4M | $79.1M | ||
| Q2 24 | $105.9M | $74.9M |
| Q1 26 | $46.4M | — | ||
| Q4 25 | $33.1M | $-140.1M | ||
| Q3 25 | $26.5M | $-6.4M | ||
| Q2 25 | $20.2M | $-102.3M | ||
| Q1 25 | $16.7M | $-7.9M | ||
| Q4 24 | $26.4M | $-4.1M | ||
| Q3 24 | $35.6M | $3.2M | ||
| Q2 24 | $35.3M | $-4.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 74.2% | ||
| Q3 25 | — | 74.4% | ||
| Q2 25 | — | 75.7% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.3% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 78.2% |
| Q1 26 | 52.2% | — | ||
| Q4 25 | — | -182.2% | ||
| Q3 25 | — | -3.9% | ||
| Q2 25 | — | -138.7% | ||
| Q1 25 | — | -4.7% | ||
| Q4 24 | — | -1.5% | ||
| Q3 24 | — | -0.9% | ||
| Q2 24 | — | -4.6% |
| Q1 26 | 38.2% | — | ||
| Q4 25 | 28.0% | -178.3% | ||
| Q3 25 | 23.2% | -8.3% | ||
| Q2 25 | 17.8% | -135.2% | ||
| Q1 25 | 15.4% | -10.3% | ||
| Q4 24 | 23.5% | -5.3% | ||
| Q3 24 | 32.8% | 4.1% | ||
| Q2 24 | 33.4% | -5.4% |
| Q1 26 | $0.24 | — | ||
| Q4 25 | $0.17 | $-1.68 | ||
| Q3 25 | $0.14 | $-0.08 | ||
| Q2 25 | $0.10 | $-1.15 | ||
| Q1 25 | $0.09 | $-0.09 | ||
| Q4 24 | $0.13 | $-0.04 | ||
| Q3 24 | $0.19 | $0.03 | ||
| Q2 24 | $0.19 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $20.3M | $115.7M |
| Total DebtLower is stronger | — | $280.1M |
| Stockholders' EquityBook value | $3.0B | $484.4M |
| Total Assets | $5.8B | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $20.3M | — | ||
| Q4 25 | $30.5M | $115.7M | ||
| Q3 25 | $82.0M | $95.7M | ||
| Q2 25 | $20.8M | $162.6M | ||
| Q1 25 | $9.6M | $165.5M | ||
| Q4 24 | $14.8M | $189.5M | ||
| Q3 24 | $9.0M | $168.7M | ||
| Q2 24 | $18.3M | $147.1M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $280.1M | ||
| Q3 25 | $2.4B | $279.5M | ||
| Q2 25 | $2.1B | $279.0M | ||
| Q1 25 | $2.0B | $497.6M | ||
| Q4 24 | $1.9B | $496.8M | ||
| Q3 24 | $2.0B | $496.2M | ||
| Q2 24 | $1.9B | $435.6M |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $484.4M | ||
| Q3 25 | $2.9B | $616.9M | ||
| Q2 25 | $2.9B | $633.7M | ||
| Q1 25 | $2.9B | $755.7M | ||
| Q4 24 | $3.0B | $761.3M | ||
| Q3 24 | $3.0B | $754.7M | ||
| Q2 24 | $3.1B | $815.4M |
| Q1 26 | $5.8B | — | ||
| Q4 25 | $5.7B | $1.2B | ||
| Q3 25 | $5.5B | $1.3B | ||
| Q2 25 | $5.3B | $1.4B | ||
| Q1 25 | $5.2B | $1.5B | ||
| Q4 24 | $5.2B | $1.6B | ||
| Q3 24 | $5.3B | $1.6B | ||
| Q2 24 | $5.3B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.87× | 0.58× | ||
| Q3 25 | 0.82× | 0.45× | ||
| Q2 25 | 0.73× | 0.44× | ||
| Q1 25 | 0.68× | 0.66× | ||
| Q4 24 | 0.64× | 0.65× | ||
| Q3 24 | 0.65× | 0.66× | ||
| Q2 24 | 0.62× | 0.53× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $23.3M |
| Free Cash FlowOCF − Capex | — | $23.2M |
| FCF MarginFCF / Revenue | — | 29.6% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $299.5M | $23.3M | ||
| Q3 25 | $64.2M | $32.2M | ||
| Q2 25 | $79.3M | $33.1M | ||
| Q1 25 | $71.5M | $2.5M | ||
| Q4 24 | $276.3M | $34.3M | ||
| Q3 24 | $67.3M | $60.1M | ||
| Q2 24 | $74.2M | $31.0M |
| Q1 26 | — | — | ||
| Q4 25 | $269.8M | $23.2M | ||
| Q3 25 | $58.0M | $32.1M | ||
| Q2 25 | $76.7M | $33.0M | ||
| Q1 25 | $57.1M | $2.4M | ||
| Q4 24 | $259.5M | $34.0M | ||
| Q3 24 | $60.3M | $59.8M | ||
| Q2 24 | $74.0M | $30.5M |
| Q1 26 | — | — | ||
| Q4 25 | 228.1% | 29.6% | ||
| Q3 25 | 50.8% | 41.3% | ||
| Q2 25 | 67.9% | 43.6% | ||
| Q1 25 | 52.5% | 3.0% | ||
| Q4 24 | 231.4% | 43.5% | ||
| Q3 24 | 55.6% | 75.6% | ||
| Q2 24 | 69.9% | 40.7% |
| Q1 26 | — | — | ||
| Q4 25 | 25.1% | 0.1% | ||
| Q3 25 | 5.4% | 0.2% | ||
| Q2 25 | 2.3% | 0.1% | ||
| Q1 25 | 13.2% | 0.2% | ||
| Q4 24 | 15.0% | 0.3% | ||
| Q3 24 | 6.5% | 0.3% | ||
| Q2 24 | 0.2% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 9.04× | — | ||
| Q3 25 | 2.43× | — | ||
| Q2 25 | 3.93× | — | ||
| Q1 25 | 4.27× | — | ||
| Q4 24 | 10.47× | — | ||
| Q3 24 | 1.89× | 18.52× | ||
| Q2 24 | 2.10× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BNL
Segment breakdown not available.
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
